Bullboard - Stock Discussion Forum Converge Technology Solutions Corp CTSDF

Primary Symbol: T.CTS

Technology Information Technology Services

Converge Technology Solutions Corp. is a services-led, software-enabled, information technology (IT) and cloud solutions provider. Its global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. It supports these solutions with... see more

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Converge Technology Solutions Corp > Stockchase Insights

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Post by retiredcf on Jul 16, 2024 6:33am

Stockchase Insights

BUY

Converge Technology Solutions(CTS-T)

15/07/2024

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

We continue to like CTS, and although its recent momentum has not been favourable, we believe its long-term value is still in play. It pays a small yield of 1.4%, analysts expect decent forward sales and earnings growth, albeit slightly lumpy, but its valuation reflects this, at 7X forward earnings. Its valuation is cheap, its debt levels are fine, and its free cash flow is impressive. While recent momentum has not been great, we continue to believe its valuation will re-rate as its fundamentals continue to improve.

Technology

$4.30

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